Villalpando Winery wants to raise $$50$ million from the sale of preferred stock. If the winery wants to sell one million shares of preferred stock, what annual dividend will it have to promise if investors

demand a return of

a$.12\%?$

b$.14\%?$

c$.9\%?$

d$.7\%?$

e$.6\%?$

f$.4\%?$

a$.$ What annual dividend will it have to promise if investors demand a return of $12\%?$

I $($Round to the nearest cent.$)$